Company profile

David T. Provost
Incorporated in
Fiscal year end
Industry (SEC)
Former names
Chemical Financial Corp
IRS number

TCF stock data



12 Nov 19
25 Jan 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 49.63M
Net income 22.15M 69.59M 62.94M 73.04M
Diluted EPS 0.15 0.96 0.87 1.01
Net profit margin 44.63%
Net change in cash 730.26M 75.18M -69.48M -77.71M
Cash on hand 1.32B 592.76M 517.58M 587.06M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 284.02M 149.52M 108.03M 86.83M
Diluted EPS 3.94 2.08 2.17 2.39
Net change in cash 131.07M -18.41M 235.61M 55.77M
Cash on hand 587.06M 455.99M 474.4M 238.79M

Financial data from company earnings reports

13F holders
Current Prev Q Change
Total holders 7 249 -97.2%
Opened positions 2 36 -94.4%
Closed positions 244 51 +378.4%
Increased positions 0 83 -100.0%
Reduced positions 3 98 -96.9%
13F shares
Current Prev Q Change
Total value 8.18M 6.16B -99.9%
Total shares 216.39K 64.1M -99.7%
Total puts 0 29 -100.0%
Total calls 0 47.08K -100.0%
Total put/call ratio NaN 0.0 NaN%
Largest owners
Shares Value Change
California State Teachers Retirement System 110.27K $4.53M 0.0%
Quantitative Systematic Strategies 64.17K $2.44M NEW
SWS Partners 32.18K $834K NEW
Shakespeare Wealth Management 9.59K $365K -1.4%
Advisory Services Network 145 $6K 0.0%
Gemmer Asset Management 31 $1K -39.2%
Proequities 0 $0 EXIT
Largest transactions
Shares Bought/sold Change
BLK BlackRock 0 -9.83M EXIT
Vanguard 0 -7.04M EXIT
Dimensional Fund Advisors 0 -3.92M EXIT
STT State Street 0 -3.54M EXIT
BEN Franklin Resources 0 -2.47M EXIT
NTRS Northern Trust 0 -1.87M EXIT
IVZ Invesco 0 -1.61M EXIT
GS The Goldman Sachs Group, Inc. 0 -1.44M EXIT
FMR 0 -1.39M EXIT
Manufacturers Life Insurance Company, The 0 -1.37M EXIT

Financial report summary

Management Discussion
  • Performance Summary TCF reported net income of $22.1 million and $183.1 million for the three and nine months ended September 30, 2019, respectively, compared with $86.2 million and $218.7 million for the same periods in 2018. For the three and nine months ended September 30, 2019, net income included merger-related expenses of $111.3 million in addition to non-core items of $41.1 million. Non-core items, for both the three and nine months ended September 30, 2019, included the loss on transfer of legacy TCF auto finance portfolio to held-for-sale ($19.3 million), the termination of interest rate swaps ($17.3 million), the write-down of company-owned vacant land parcels due to an intent to sell ($5.9 million), and loan servicing rights impairment ($4.5 million), partially offset by the gain on sale of certain investment securities ($5.9 million). Net income included non-core items for the nine months ended September 30, 2018 a $32.0 million charge related to the settlement with the Consumer Financial Protection Bureau (the "CFPB") and Office of the Comptroller of the Currency (the "OCC"). Adjusted net income, excluding merger-related expenses and the identified non-core items, net of tax, a non-GAAP financial measure, was $128.3 million and $299.6 million for the three and nine months ended September 30, 2019, respectively, compared to $86.2 million and $244.2 million for the same periods in 2018. See "Non-GAAP Financial Measures" in this Management's Discussion and Analysis for further information.
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